CleanSpark Inc. has announced a definitive merger agreement to acquire GRIID Infrastructure for $155 million. The acquisition will be executed as an all-stock transaction, with GRIID stockholders receiving CleanSpark shares. CleanSpark will purchase all issued and outstanding common stock of GRIID. This deal includes the assumption of debt and aims to enhance CleanSpark's Bitcoin mining operations by expanding over 400 MW in Tennessee. The expansion plan anticipates adding 100 MW by the end of this year, growing to 200 MW by 2025 and 400 MW by 2026. Additionally, CleanSpark has entered into an exclusive hosting agreement for all currently available power.
CleanSpark announces plans to acquire Griid Infrastructure in a $155 million all-stock deal to enhance their Bitcoin mining operations. $CLSK $GRDI
CleanSpark acquires Bitcoin miner GRIID in $155 million deal https://t.co/eIGGpJP1UK
JUST IN:🇺🇸 US #Bitcoin miner @CleanSpark_Inc announced an agreement to acquire @griid based on an enterprise value of $155 million and expansion plans of over 400 MW in Tennessee https://t.co/KPbEEl7kNW
After a tumultuous week on Wall Street, GRIID Infrastructure is being bought out by CleanSpark Inc. in an all-stock transaction https://t.co/FiR48LGmhL
[COINDESK] #Bitcoin Miner CleanSpark to Buy Peer #GRIID in $155M Deal $CLSK $GRDI $BTC
Bitcoin miner @CleanSpark_Inc to buy peer GRIID Infrastructure as #bitcoin mining M&A continues. $GRDI stock plunged more than 50% after the deal announcement. $CLSK by @Aoyon_A https://t.co/CDDwtYx3Fh
JUST IN: Cleanspark will acquire bitcoin miner GRIID for $155 million, with plans to expand over 400 MW in Tennessee. Under the merger agreement, CleanSpark will purchase all GRIID common stock in an all-stock transaction, with GRIID stockholders receiving CleanSpark shares. https://t.co/lorYyNdVcj
CleanSpark Announces Agreement to Acquire GRIID Infrastructure Based on an enterprise value of $155 Million and Expansion Plans of over 400 MW in Tennessee. Congrats to both teams! https://t.co/NydfrdoLKT
BREAKING‼️- CleanSpark Inc. and GRIID Infrastructure Inc. have entered into a merger agreement. CleanSpark will acquire all the issued and outstanding common stock of GRIID in an all-stock transaction. The total enterprise value of the transaction is $155 million. #Bitcoin https://t.co/1x8YuowKej
We’ve announced an agreement to acquire @griid based on an enterprise value of $155 million and expansion plans of over 400 MW in Tennessee. $CLSK expects to add over 400 MW in the state over the next two years. Under the definitive merger agreement, we will purchase all issued… https://t.co/Pd5oXPq4zp
$GRDI GRIID Infrastructure trading halted across all exchanges 👀👀 Why? CleanSpark $CLSK has agreed to acquire them for $155M Deal anticipates adding 100MW in Tennessee by the end of this calendar year and eventually grow that to 200MW in 2025 and 400MA in 2026. Deal also… https://t.co/I3uC7czxdu
📣 JUST IN: $CLSK CleanSpark to Acquire $GRDI GRIID Infrastructure in $155M Deal, Expanding 400 MW in Tennessee $HUT $MARA $MSTR $BITF $RIOT 👉 Key Highlights: 📍 CleanSpark to acquire GRIID Infrastructure for $155 million. 📍 Deal includes assumption of debt and payment.… https://t.co/ESfnkCazUK
$CLSK $GRDI | CleanSpark Enters Into Definitive Merger Agreement to Acquire GRIID Infrastructure For $155M - Enters Exclusive Hosting Agreement For All Currently Available Power
Griid $GRDI ripping again. Can anyone confirm yet that a deal is happening here? https://t.co/KUTDBEQyR8
.@CleanSpark_Inc's recent acquisition of 5 new #bitcoinmining sites in Georgia will increase its total infrastructure to over 400 MW and includes power purchase agreements to improve load balancing for local electric cooperatives ⬇️ https://t.co/x49B3unsk8